Hargeisa (PP Information Desk)— Retailers who import items to Somaliland have voiced issues in regards to the improve in insurance coverage insurance policies on ships carrying items to Berbera following the controversial maritime Memorandum of Understanding signed by the President of Somaliland Muse Bihi Abdi and Prime Minister of Ethiopia Abiy Ahmed on 1 January 2024.
The geopolitical pressure within the Crimson Sea has been accentuated by the stress between Somalia and Ethiopia over the MoU that the Federal Authorities of Somalia deems to be a violation of the territorial integrity of Federal Republic of Somalia.
The rise within the delivery insurance coverage premiums affecting Somali companies within the North comes within the wake of fears about diplomatic fall-out if Ethiopia captures the Northern Somali coastal districts in Awdal, an motion that would result in maritime embargo on the Northern Somali coastal districts dominated by Somaliland Administration.
“Somaliland politically weaponised its littoral districts within the useless of hope of gaining a diplomatic recognition from Ethiopia, however Addis Ababa is looking for a unique pretext to occupy Zelia to assert it’s preventing Islamic terrorists” mentioned a political analyst in Hargeisa who prefers to be quoted on the situation of anonymity.
It’s unclear if an identical improve in delivery insurance coverage premium may have an effect on ships sure for Bosaaso, Mogadishu and Kismaayo Ports.
© Puntland Submit, 2024
